GBG 0.00% 2.9¢ gindalbie metals ltd

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  1. 63 Posts.
    "As previously advised the company will announce milestone achievements as they occur, with a further update on progress expected to be made in the near future."

    Seems to me that the "progress update" will be the primary and secondary crushers coming on-line. They are likely to wait until they have some solid production rates to accompany the announcement. In January they loaded two ships with magnetite concentrate, giving an annualised rate of around 1.5MTPA. I expect the temporary crushers have been limiting their flow rates in recent times, and I would hope to see at least 4MPTA pretty soon after the permanent primary and secondary crushers come online. Ramp up to the full annualised 8MTPA capacity may take longer as the teething issues limiting capacity on each part of the circuit are progressively resolved.
 
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